STORAGE SPACE AGREEMENT
This Storage Space Agreement ("Agreement") is made at ________, Andaman and Nicobar Islands on ________
BY AND BETWEEN
________ residing at the following address: ________ (hereinafter referred to as "Lessor" which expression shall mean and include its legal heirs, administrators and permitted assigns) or the FIRST PARTY
AND
________ residing at the following address: ________ (hereinafter referred to as "Lessee" which expression shall mean and include its legal heirs, administrators and permitted assigns) or the SECOND PARTY
(Lessor and Lessee are hereinafter individually referred to as "Party" and collectively as "Parties")
WHEREAS:
A. The Lessor is the owner of the Storage Space located at (hereinafter called the "Storage Space"):
________
B. The Storage Space is of the following type: Warehouse Storage Space
C. A layout plan of the Storage Space allotted to the Lessee will be attached along with this Agreement as Annexure - A.
D. The Agreement of the Storage Space shall commence on ________.
E. Lessee had approached the Lessor for rent the Storage Space and the Lessor has agreed to rent out the same to the Lessee.
F. The Lessor and the Lessee are now desirous of executing this Agreement to record the terms and conditions governing the Agreement of the Storage Space as set forth hereinafter.
NOW THEREFORE THIS AGREEMENT WITNESSETH AND IT IS AGREED BY AND BETWEEN THE PARTIES HERETO AS UNDER:
1. INTERPRETATION
In this Agreement, unless the context otherwise requires, the following rules of interpretation shall apply:
(a) Words referring to one gender include every other gender.
(b) Words referring to a singular number include the plural, and words referring to a plural include the singular.
(c) Words referring to a person or persons include companies, firms, corporations, organizations and vice versa.
(d) Headings and titles are included in this Agreement for convenience only and shall not affect the interpretation of this Agreement.
(e) Each Party must, at its own expense, take all reasonable steps and do all that is reasonably necessary to give full effect to this Agreement and the events contemplated by it.
(f) Any obligation on a Party not to do something includes an obligation not to allow that thing to be done.
2. GRANT OF STORAGE SPACE
The Lessor hereby grants to the Lessee the right to use Storage Space, the Lessee shall be entitled to peacefully use the Storage Space, and the other rights granted herein.
3. PURPOSE
3.1. The Lessee shall use the Storage Space only for the Storage of the legal goods in good condition.
3.2. The following types of goods are not allowed to be stored in the Storage Space:
________
3.3. The Storage Space shall be exclusively used by the Lessee. The Storage Space shall not be used for any purposes other than for the Storage of goods in accordance with this Agreement. The Lessee shall not use the Storage Space for any unlawful purposes and shall forthwith notify the Lessor if it becomes aware of any illegal activities being conducted in the Storage Space.
4. SPECIFICATIONS OF STORAGE SPACE
4.1. Warehouse specification:
(a) The total area: ________.
(b) Height: ________.
(c) Flooring: ________.
(d) Accessibility:
________
(e) Security features:
________
5. STORAGE SPACE RENT
5.1. The Lessee has agreed to pay the rent of Rs. ________ (________) in advance on or before 1st (first) day of of each calendar month.
5.2. The payment of the Rent shall be executed via Internet Banking (NEFT/RTGS/IMPS) with the following bank details:
________
5.3. In the event of delay in the payment of rent by the Lessee, interest at the rate of ________% (________ percent) per annum shall be payable on the entire outstanding amount from the due date till the actual date of payment.
5.4. It is hereby agreed that if a default is made in the payment of rent by the Lessee for ________ (________) consecutive months the Lessor shall be entitled, in addition to other rights and remedies available to the Lessor under this Agreement and applicable laws, at its sole discretion to terminate the Storage Space granted under this Agreement and to take possession of the Storage Space as the full and absolute owner thereof without regard to the time elapsed.
5.5. Provided, however, a notice in writing shall be given by the Lessor to the Lessee of his intention to terminate the Agreement and to take possession of the Storage Space. In the event the Lessee pays the arrears of rent within a period of ________ (________) days from the issue of the notice by the Lessor, the Lessor shall not be entitled to terminate the Agreement of the Storage Space. However, if the arrears of rent are not paid by the Lessee, within a period of ________ (________) days from the issue of the notice by the Lessor, the Agreement shall stand automatically terminated with no further acts required on part of the Lessor.
6. SECURITY DEPOSIT
6.1. The Lessee has paid to the Lessor an amount of Rs. ________ (________) as an interest-free refundable security deposit. The Lessor acknowledges receipt of the security deposit.
6.2. The security deposit shall be refunded without any interest simultaneously with the Lessee vacating the Storage Space upon expiry of the Agreement Period or earlier termination of this Agreement in accordance with the terms hereof subject to there being no outstanding dues by the Lessee. The Lessor shall be entitled to adjust any outstanding amounts of rent, interest or other charges due from the Lessee and any amounts spent on repairing damages caused to the Storage Space by the Lessee against the security deposit prior to refunding the same to the Lessee. In the event the amount of the security deposit is not sufficient to cover the outstanding amounts due to the Lessor, the Lessee shall be liable to pay all such outstanding amounts within a period of 15 (fifteen) days from receipt of a written demand from the Lessor.
6.3. In the event the Lessor sells the Storage Space or assigns all rights under this Agreement to a third party ("New Lessor"), the security deposit shall also be transferred to the New Lessor and the Lessor shall thereafter not have any liability towards the return of the security deposit to the Lessee.
7. TERM OF THE STORAGE SPACE
The rental period of the Storage Space shall commence on ________ and shall continue for a period of ________ (________) months ("Agreement Period") unless terminated earlier in accordance with the terms hereof. Upon expiry of the Agreement Period, the Agreement shall be renewable on the same terms and conditions provided a request for renewal is made by the Lessee for the following period: ________, before the expiry of the Agreement Period. If no notice of renewal is issued by the Lessee, the Agreement shall terminate upon the expiry of the Agreement Period.
8. SUB-LETTING, ASSIGNMENT
The Lessee shall not sublet, assign, or otherwise part with the possession of the Storage Space either in part or in full without the consent in writing of the Lessor. Any assignment, sub-let, or license without the prior written approval of the Lessor shall be null and void and in such an event the Lessor shall be entitled to terminate the Agreement at its sole discretion.
9. POSSESSION
9.1. Lessee shall be handed over possession of the Storage Space simultaneously with the execution of this Agreement subject to the payment of an amount equivalent to first month's rent and the security deposit.
9.2. In the event the Lessor is unable to hand over possession of the Storage Space to the Lessee on the date as specified above, due to any unforeseen circumstances, Lessor shall not be liable for any damages, but Lessee will not be liable to pay rent until possession is given.
10. TAXES
10.1. The Lessor shall be responsible for the payment of any taxes pertaining to the Storage Space including land and property tax during the Agreement Period.
10.2. Goods and services tax payable on the rent shall be borne by Lessee.
10.3. The Parties agree that stamp duty on this Agreement shall be borne by both Parties jointly.
11. OBLIGATIONS OF LESSEE
11.1. The Lessee shall use the Storage Space in a careful and responsible manner.
11.2. The Lessee shall keep the storage space clean and in good condition and shall not make any alterations to the space without the prior written consent of the Lessor.
11.3. The Lessee shall not store any prohibited items in the Storage Space, including but not limited to hazardous materials, explosives, firearms, perishable goods, or any item that violates local, state, or central laws.
11.4. The Lessee shall be responsible for securing their stored property and shall ensure that the storage space is locked at all times when not in use.
11.5. Lessee agrees that it shall not damage the Storage Space and shall be responsible for any damages to the Storage Space as a result of any activity on the part of Lessee's invitees, licensees, and/or guests.
11.6. The Lessee shall comply with all applicable laws and regulations related to the storage and use of Storage Space.
11.7. The Lessee shall inform the items stored and provide a list of all items to be stored in the space and shall not store any additional items without the Lessor's consent.
11.8. The Lessee shall promptly notify the Lessor of any damage to the Storage Space or the Lessor's property and shall take all reasonable measures to prevent further damage.
11.9. The Lessee shall not allow any unauthorized persons to enter the Storage Space or the premises.
11.10. The Lessee shall be responsible for any pest infestations caused by their stored property and shall take all necessary steps to prevent or remedy such infestations.
11.11. The Lessee shall be responsible for obtaining any necessary permits or licenses for their use of the Storage Space.
11.12. The Lessee shall not use Storage Space as a residence or for any overnight stays.
11.13. The Lessee shall be responsible for disposing of any trash or debris resulting from their use of the Storage Space.
11.14. The Lessee shall comply with any security measures or procedures implemented by the Lessor, including the use of security cameras or access codes.
11.15. The Lessee shall not use the Storage Space for any political, religious, or discriminatory activities, or purposes.
11.16. Lessee shall conduct himself or herself and require other persons in the Storage Space with their consent to conduct themselves, in a manner that does not unreasonably disturb the Lessee's neighbours or cause a nuisance.
12. OBLIGATIONS OF LESSOR
12.1. Lessor shall comply with applicable laws and pay the municipal taxes in respect of the Storage Space in a timely manner.
12.2. The Lessor shall provide the Lessee with access to the Storage Space during the agreed-upon hours of operation unless otherwise specified in the Agreement.
12.3. The Lessor shall maintain the Storage Space in a safe and secure condition, including the provision of adequate lighting, surveillance, and security measures.
12.4. The Lessor shall notify the Lessee in writing of any changes to the terms of the Storage Space Agreement, including any increase in rent or fees, at least 30 (thirty) business days prior to the effective date of such changes.
12.5. The Lessor shall not interfere with the Lessee's use of the Storage Space, except as necessary to enforce the terms of the Agreement or to comply with applicable laws or regulations.
12.6. The Lessor shall not disclose any confidential information provided by the Lessee, except as required by law or with the Lessee's prior written consent.
12.7. The Lessor shall not be responsible for any loss or damage to the Lessee's property stored in the storage space, except to the extent caused by the Lessor's negligence or breach of the Agreement.
12.8. The Lessee shall provide the Lessee with a copy of any notices or correspondence received from any government agency or regulatory body regarding the Storage Facility.
12.9. Lessor shall ensure that any major repairs that may be required for the Storage Space shall be carried out promptly.
13. REPRESENTATIONS AND WARRANTIES OF LESSOR
13.1. Title to the Storage Space: The Lessor has a clear and marketable title to the Storage Space and has the right, power, and authority to grant to the Lessee, the Agreement of the Storage Space.
13.2. Taxes & Outgoings: The Lessor has paid and shall pay all existing and future municipal rates, taxes, levies, and similar outgoings in respect of the Storage Space.
13.3. Peaceful Possession: The Lessee, on paying rent and other charges payable as per this Agreement regularly and on duly observing the terms and conditions hereof, shall be entitled to peaceful enjoyment of the Storage Space during the subsistence of the term hereof, without any obstruction, interruption or disturbance by the Lessor or any person or persons lawfully claiming through or under the Lessor.
13.4. Except as specified above, the Lessor makes no representations and warranties including but not limited to any express or implied warranties, with regard to the condition of the Storage Space and the Lessee is taking the Storage Space on an as-is-where-is basis.
14. REPRESENTATIONS AND WARRANTIES OF THE LESSEE
14.1. Authority: The Lessee have the right and authority to enter into this Agreement and to store the property in the Storage Space.
14.2. Rentals: To pay the Rent on the due dates and in the manner specified in this Agreement and to observe and abide by all the terms and conditions as set out in this Agreement.
14.3. Handover of vacant possession: To hand over the vacant possession of the Storage Space to the Lessor immediately upon expiry of the term of the Agreement and/or on earlier termination of this Agreement. The Lessee shall be liable to remove the goods and other properties from the Storage Space and vacate the Storage Space without any undue delay.
14.4. Good and leasable condition: To always keep the Storage Space in good and leasable condition.
15. SPECIAL CONDITIONS
The Lessee agrees that it shall not without prior written permission of the Lessor carry out the following activities in the Storage Space:
________
16. INSURANCE
The Lessor does not provide insurance coverage to protect Lessee's property against loss or damage arising from fire, theft, or any other type of casualty loss, it is agreed between the Lessor and Lesse that it is the sole responsibility of the Lessee to secure such insurance coverage that protects their property against all perils of whatever nature, in an amount at least equal to the total value of all stored property.
17. DEFAULT
A breach of any of the terms of this Agreement by either Party which is not cured within the period of: ________, from receipt of notice from the other Party shall be considered a default under this Agreement. Breaches may include but are not limited to, failure to pay the Agreement rent, engaging in any unlawful activity, damaging or otherwise destroying Storage Space, or violation of any part or sub-part of this Agreement.
18. TERMINATION
18.1. The Lessor shall also be entitled to terminate the Agreement without any notice in the event of a default committed by the Lessee which is not cured within a period of: ________, from the date of receipt of a written notice in that regard from the Lessor.
18.2. Lessor shall be entitled to terminate this Agreement by giving written notice of: ________ to the Lessee of its intention to terminate.
18.3. Lessee shall be entitled to terminate this Agreement by giving written notice of: ________ to the Lessor of its intention to terminate.
18.4. Upon termination of this Agreement, the Lessee shall remove all property stored in the Storage Space and shall leave the Storage Space in a clean and undamaged condition. Failure to do so may result in additional charges or fees.
18.5. If the Lessee fails to vacate the Storage Space upon the termination of this Agreement, the Lessor may take any necessary measures to remove the Lessee's property from the Storage Space and dispose of it, and the Lessee shall be responsible for any costs, or expenses incurred by the Lessor in connection with such removal and disposal.
18.6. The termination of this Agreement shall not relieve the Lessee of any obligations or liabilities incurred prior to the termination, including but not limited to any unpaid rent or charges.
18.7. Upon termination, the Lessor shall refund to the Lessee the Security Deposit after adjusting all monies due and payable by the Lessee in terms of this Agreement.
19. 588528558
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20. ASSIGNMENT BY LESSOR
The Lessor shall be entitled to sell, assign, convey or transfer in any manner his interest in the Storage Space or his rights and obligations under this Agreement to any third party without the written consent of the Lessee, provided that he ensures that the prospective purchaser/assignee agrees to be bound by the terms of this Agreement.
21. AMENDMENT
The terms of this Agreement shall not be altered or added to nor shall anything be omitted therefrom except by means of a Supplementary Deed in writing duly signed by both the Parties hereto.
22. RIGHT TO MORTGAGE
Lessor reserves the right to mortgage or otherwise place a lien on the Storage Space and Lessee agrees to accept the Storage Space subject and subordinate to any such mortgage or lien. In the event the Lessor has already mortgaged the Storage Space, it shall ensure that it obtains the consent of the mortgagor, if required, for the Agreement of the Storage Space.
23. NOTICES
Any notice or other information/document required or authorized by this Agreement shall be given in writing, in English, and by:
(a) Delivering it by hand (a written acknowledgement in receipt thereof shall be sufficient evidence that the notice or other information has been duly given); or
(b) Sending it by nationally recognized courier;
to the relevant Parties at the addresses specified in the name clause of this Agreement above.
24. SEVERABILITY
If at any time, any provision of this Agreement shall become or be held illegal, invalid, or unenforceable in any respect under any law, then the legality, validity, or enforceability of the remaining provisions shall not in any way be thereby affected or impaired.
25. WAIVER
No failure on the part of either Party to exercise, and no delay on the part of either Party in exercising any right hereunder, shall operate as a waiver thereof, nor shall any single or partial exercise of any such right preclude any other or future exercise thereof or the exercise of any other right. The remedies herein are cumulative and not exclusive of any remedies provided by law.
26. DISPUTE RESOLUTION
26.1. Except as otherwise specifically provided in this Agreement, the following provisions apply if any dispute and difference arise between the Parties, arising out of or in relation to/connection with this Agreement ("Dispute").
26.2. The dispute will be deemed to arise when one Party serves on the other Party a notice stating the nature of the Dispute ("Notice of Dispute").
26.3. The Parties hereto agree that upon serving a Notice of Dispute, they will use all reasonable efforts to resolve the Dispute between themselves through negotiations
26.4. Subject to the foregoing, the courts in ________ shall have exclusive jurisdiction over any dispute, differences or claims arising out of this Agreement.
27. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of India.
28. COUNTERPARTS
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
29. COUNTERPARTS
A signature transmitted by electronic means shall be deemed to be an original signature for all purposes and shall have the same force and effect as an original signature.
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement:
___________________________
________
___________________________
________
Annexure - A - Storage Layout Plan.
STORAGE SPACE AGREEMENT
This Storage Space Agreement ("Agreement") is made at ________, Andaman and Nicobar Islands on ________
BY AND BETWEEN
________ residing at the following address: ________ (hereinafter referred to as "Lessor" which expression shall mean and include its legal heirs, administrators and permitted assigns) or the FIRST PARTY
AND
________ residing at the following address: ________ (hereinafter referred to as "Lessee" which expression shall mean and include its legal heirs, administrators and permitted assigns) or the SECOND PARTY
(Lessor and Lessee are hereinafter individually referred to as "Party" and collectively as "Parties")
WHEREAS:
A. The Lessor is the owner of the Storage Space located at (hereinafter called the "Storage Space"):
________
B. The Storage Space is of the following type: Warehouse Storage Space
C. A layout plan of the Storage Space allotted to the Lessee will be attached along with this Agreement as Annexure - A.
D. The Agreement of the Storage Space shall commence on ________.
E. Lessee had approached the Lessor for rent the Storage Space and the Lessor has agreed to rent out the same to the Lessee.
F. The Lessor and the Lessee are now desirous of executing this Agreement to record the terms and conditions governing the Agreement of the Storage Space as set forth hereinafter.
NOW THEREFORE THIS AGREEMENT WITNESSETH AND IT IS AGREED BY AND BETWEEN THE PARTIES HERETO AS UNDER:
1. INTERPRETATION
In this Agreement, unless the context otherwise requires, the following rules of interpretation shall apply:
(a) Words referring to one gender include every other gender.
(b) Words referring to a singular number include the plural, and words referring to a plural include the singular.
(c) Words referring to a person or persons include companies, firms, corporations, organizations and vice versa.
(d) Headings and titles are included in this Agreement for convenience only and shall not affect the interpretation of this Agreement.
(e) Each Party must, at its own expense, take all reasonable steps and do all that is reasonably necessary to give full effect to this Agreement and the events contemplated by it.
(f) Any obligation on a Party not to do something includes an obligation not to allow that thing to be done.
2. GRANT OF STORAGE SPACE
The Lessor hereby grants to the Lessee the right to use Storage Space, the Lessee shall be entitled to peacefully use the Storage Space, and the other rights granted herein.
3. PURPOSE
3.1. The Lessee shall use the Storage Space only for the Storage of the legal goods in good condition.
3.2. The following types of goods are not allowed to be stored in the Storage Space:
________
3.3. The Storage Space shall be exclusively used by the Lessee. The Storage Space shall not be used for any purposes other than for the Storage of goods in accordance with this Agreement. The Lessee shall not use the Storage Space for any unlawful purposes and shall forthwith notify the Lessor if it becomes aware of any illegal activities being conducted in the Storage Space.
4. SPECIFICATIONS OF STORAGE SPACE
4.1. Warehouse specification:
(a) The total area: ________.
(b) Height: ________.
(c) Flooring: ________.
(d) Accessibility:
________
(e) Security features:
________
5. STORAGE SPACE RENT
5.1. The Lessee has agreed to pay the rent of Rs. ________ (________) in advance on or before 1st (first) day of of each calendar month.
5.2. The payment of the Rent shall be executed via Internet Banking (NEFT/RTGS/IMPS) with the following bank details:
________
5.3. In the event of delay in the payment of rent by the Lessee, interest at the rate of ________% (________ percent) per annum shall be payable on the entire outstanding amount from the due date till the actual date of payment.
5.4. It is hereby agreed that if a default is made in the payment of rent by the Lessee for ________ (________) consecutive months the Lessor shall be entitled, in addition to other rights and remedies available to the Lessor under this Agreement and applicable laws, at its sole discretion to terminate the Storage Space granted under this Agreement and to take possession of the Storage Space as the full and absolute owner thereof without regard to the time elapsed.
5.5. Provided, however, a notice in writing shall be given by the Lessor to the Lessee of his intention to terminate the Agreement and to take possession of the Storage Space. In the event the Lessee pays the arrears of rent within a period of ________ (________) days from the issue of the notice by the Lessor, the Lessor shall not be entitled to terminate the Agreement of the Storage Space. However, if the arrears of rent are not paid by the Lessee, within a period of ________ (________) days from the issue of the notice by the Lessor, the Agreement shall stand automatically terminated with no further acts required on part of the Lessor.
6. SECURITY DEPOSIT
6.1. The Lessee has paid to the Lessor an amount of Rs. ________ (________) as an interest-free refundable security deposit. The Lessor acknowledges receipt of the security deposit.
6.2. The security deposit shall be refunded without any interest simultaneously with the Lessee vacating the Storage Space upon expiry of the Agreement Period or earlier termination of this Agreement in accordance with the terms hereof subject to there being no outstanding dues by the Lessee. The Lessor shall be entitled to adjust any outstanding amounts of rent, interest or other charges due from the Lessee and any amounts spent on repairing damages caused to the Storage Space by the Lessee against the security deposit prior to refunding the same to the Lessee. In the event the amount of the security deposit is not sufficient to cover the outstanding amounts due to the Lessor, the Lessee shall be liable to pay all such outstanding amounts within a period of 15 (fifteen) days from receipt of a written demand from the Lessor.
6.3. In the event the Lessor sells the Storage Space or assigns all rights under this Agreement to a third party ("New Lessor"), the security deposit shall also be transferred to the New Lessor and the Lessor shall thereafter not have any liability towards the return of the security deposit to the Lessee.
7. TERM OF THE STORAGE SPACE
The rental period of the Storage Space shall commence on ________ and shall continue for a period of ________ (________) months ("Agreement Period") unless terminated earlier in accordance with the terms hereof. Upon expiry of the Agreement Period, the Agreement shall be renewable on the same terms and conditions provided a request for renewal is made by the Lessee for the following period: ________, before the expiry of the Agreement Period. If no notice of renewal is issued by the Lessee, the Agreement shall terminate upon the expiry of the Agreement Period.
8. SUB-LETTING, ASSIGNMENT
The Lessee shall not sublet, assign, or otherwise part with the possession of the Storage Space either in part or in full without the consent in writing of the Lessor. Any assignment, sub-let, or license without the prior written approval of the Lessor shall be null and void and in such an event the Lessor shall be entitled to terminate the Agreement at its sole discretion.
9. POSSESSION
9.1. Lessee shall be handed over possession of the Storage Space simultaneously with the execution of this Agreement subject to the payment of an amount equivalent to first month's rent and the security deposit.
9.2. In the event the Lessor is unable to hand over possession of the Storage Space to the Lessee on the date as specified above, due to any unforeseen circumstances, Lessor shall not be liable for any damages, but Lessee will not be liable to pay rent until possession is given.
10. TAXES
10.1. The Lessor shall be responsible for the payment of any taxes pertaining to the Storage Space including land and property tax during the Agreement Period.
10.2. Goods and services tax payable on the rent shall be borne by Lessee.
10.3. The Parties agree that stamp duty on this Agreement shall be borne by both Parties jointly.
11. OBLIGATIONS OF LESSEE
11.1. The Lessee shall use the Storage Space in a careful and responsible manner.
11.2. The Lessee shall keep the storage space clean and in good condition and shall not make any alterations to the space without the prior written consent of the Lessor.
11.3. The Lessee shall not store any prohibited items in the Storage Space, including but not limited to hazardous materials, explosives, firearms, perishable goods, or any item that violates local, state, or central laws.
11.4. The Lessee shall be responsible for securing their stored property and shall ensure that the storage space is locked at all times when not in use.
11.5. Lessee agrees that it shall not damage the Storage Space and shall be responsible for any damages to the Storage Space as a result of any activity on the part of Lessee's invitees, licensees, and/or guests.
11.6. The Lessee shall comply with all applicable laws and regulations related to the storage and use of Storage Space.
11.7. The Lessee shall inform the items stored and provide a list of all items to be stored in the space and shall not store any additional items without the Lessor's consent.
11.8. The Lessee shall promptly notify the Lessor of any damage to the Storage Space or the Lessor's property and shall take all reasonable measures to prevent further damage.
11.9. The Lessee shall not allow any unauthorized persons to enter the Storage Space or the premises.
11.10. The Lessee shall be responsible for any pest infestations caused by their stored property and shall take all necessary steps to prevent or remedy such infestations.
11.11. The Lessee shall be responsible for obtaining any necessary permits or licenses for their use of the Storage Space.
11.12. The Lessee shall not use Storage Space as a residence or for any overnight stays.
11.13. The Lessee shall be responsible for disposing of any trash or debris resulting from their use of the Storage Space.
11.14. The Lessee shall comply with any security measures or procedures implemented by the Lessor, including the use of security cameras or access codes.
11.15. The Lessee shall not use the Storage Space for any political, religious, or discriminatory activities, or purposes.
11.16. Lessee shall conduct himself or herself and require other persons in the Storage Space with their consent to conduct themselves, in a manner that does not unreasonably disturb the Lessee's neighbours or cause a nuisance.
12. OBLIGATIONS OF LESSOR
12.1. Lessor shall comply with applicable laws and pay the municipal taxes in respect of the Storage Space in a timely manner.
12.2. The Lessor shall provide the Lessee with access to the Storage Space during the agreed-upon hours of operation unless otherwise specified in the Agreement.
12.3. The Lessor shall maintain the Storage Space in a safe and secure condition, including the provision of adequate lighting, surveillance, and security measures.
12.4. The Lessor shall notify the Lessee in writing of any changes to the terms of the Storage Space Agreement, including any increase in rent or fees, at least 30 (thirty) business days prior to the effective date of such changes.
12.5. The Lessor shall not interfere with the Lessee's use of the Storage Space, except as necessary to enforce the terms of the Agreement or to comply with applicable laws or regulations.
12.6. The Lessor shall not disclose any confidential information provided by the Lessee, except as required by law or with the Lessee's prior written consent.
12.7. The Lessor shall not be responsible for any loss or damage to the Lessee's property stored in the storage space, except to the extent caused by the Lessor's negligence or breach of the Agreement.
12.8. The Lessee shall provide the Lessee with a copy of any notices or correspondence received from any government agency or regulatory body regarding the Storage Facility.
12.9. Lessor shall ensure that any major repairs that may be required for the Storage Space shall be carried out promptly.
13. REPRESENTATIONS AND WARRANTIES OF LESSOR
13.1. Title to the Storage Space: The Lessor has a clear and marketable title to the Storage Space and has the right, power, and authority to grant to the Lessee, the Agreement of the Storage Space.
13.2. Taxes & Outgoings: The Lessor has paid and shall pay all existing and future municipal rates, taxes, levies, and similar outgoings in respect of the Storage Space.
13.3. Peaceful Possession: The Lessee, on paying rent and other charges payable as per this Agreement regularly and on duly observing the terms and conditions hereof, shall be entitled to peaceful enjoyment of the Storage Space during the subsistence of the term hereof, without any obstruction, interruption or disturbance by the Lessor or any person or persons lawfully claiming through or under the Lessor.
13.4. Except as specified above, the Lessor makes no representations and warranties including but not limited to any express or implied warranties, with regard to the condition of the Storage Space and the Lessee is taking the Storage Space on an as-is-where-is basis.
14. REPRESENTATIONS AND WARRANTIES OF THE LESSEE
14.1. Authority: The Lessee have the right and authority to enter into this Agreement and to store the property in the Storage Space.
14.2. Rentals: To pay the Rent on the due dates and in the manner specified in this Agreement and to observe and abide by all the terms and conditions as set out in this Agreement.
14.3. Handover of vacant possession: To hand over the vacant possession of the Storage Space to the Lessor immediately upon expiry of the term of the Agreement and/or on earlier termination of this Agreement. The Lessee shall be liable to remove the goods and other properties from the Storage Space and vacate the Storage Space without any undue delay.
14.4. Good and leasable condition: To always keep the Storage Space in good and leasable condition.
15. SPECIAL CONDITIONS
The Lessee agrees that it shall not without prior written permission of the Lessor carry out the following activities in the Storage Space:
________
16. INSURANCE
The Lessor does not provide insurance coverage to protect Lessee's property against loss or damage arising from fire, theft, or any other type of casualty loss, it is agreed between the Lessor and Lesse that it is the sole responsibility of the Lessee to secure such insurance coverage that protects their property against all perils of whatever nature, in an amount at least equal to the total value of all stored property.
17. DEFAULT
A breach of any of the terms of this Agreement by either Party which is not cured within the period of: ________, from receipt of notice from the other Party shall be considered a default under this Agreement. Breaches may include but are not limited to, failure to pay the Agreement rent, engaging in any unlawful activity, damaging or otherwise destroying Storage Space, or violation of any part or sub-part of this Agreement.
18. TERMINATION
18.1. The Lessor shall also be entitled to terminate the Agreement without any notice in the event of a default committed by the Lessee which is not cured within a period of: ________, from the date of receipt of a written notice in that regard from the Lessor.
18.2. Lessor shall be entitled to terminate this Agreement by giving written notice of: ________ to the Lessee of its intention to terminate.
18.3. Lessee shall be entitled to terminate this Agreement by giving written notice of: ________ to the Lessor of its intention to terminate.
18.4. Upon termination of this Agreement, the Lessee shall remove all property stored in the Storage Space and shall leave the Storage Space in a clean and undamaged condition. Failure to do so may result in additional charges or fees.
18.5. If the Lessee fails to vacate the Storage Space upon the termination of this Agreement, the Lessor may take any necessary measures to remove the Lessee's property from the Storage Space and dispose of it, and the Lessee shall be responsible for any costs, or expenses incurred by the Lessor in connection with such removal and disposal.
18.6. The termination of this Agreement shall not relieve the Lessee of any obligations or liabilities incurred prior to the termination, including but not limited to any unpaid rent or charges.
18.7. Upon termination, the Lessor shall refund to the Lessee the Security Deposit after adjusting all monies due and payable by the Lessee in terms of this Agreement.
19. 588528558
________. 5585 25522 85588 522225, 825222822, 525 5285 55528288 252 22525 25522 2522 525 5258282 522 88582, 885888822, 522525, 8288, 552522, 25522222, 25 22525 2888252822 25 58252 22 582822, 85885 252 55882 58 5 528582 22 252 852585 82 8585 25522 22 2588 825222222, 25 522 28852252822252822 2552 525282.
________. 228825 25 228825'8 522228 25 5888228 552 222 52822288882 225 522 8288, 25222, 25 552522 22 522 25222522 8222 82 522 22258 85882 82, 25 82822 558822 22 525 2522 252 5225522 52582 25 55258222 55258 525 228822 525282 82522282828 228825 225 522 8288, 25222, 822552 25 552522 22 522 2825 528582822 2522 5828 222 58528282 522588525882 22 228825 25 228825'8 522228.
20. ASSIGNMENT BY LESSOR
The Lessor shall be entitled to sell, assign, convey or transfer in any manner his interest in the Storage Space or his rights and obligations under this Agreement to any third party without the written consent of the Lessee, provided that he ensures that the prospective purchaser/assignee agrees to be bound by the terms of this Agreement.
21. AMENDMENT
The terms of this Agreement shall not be altered or added to nor shall anything be omitted therefrom except by means of a Supplementary Deed in writing duly signed by both the Parties hereto.
22. RIGHT TO MORTGAGE
Lessor reserves the right to mortgage or otherwise place a lien on the Storage Space and Lessee agrees to accept the Storage Space subject and subordinate to any such mortgage or lien. In the event the Lessor has already mortgaged the Storage Space, it shall ensure that it obtains the consent of the mortgagor, if required, for the Agreement of the Storage Space.
23. NOTICES
Any notice or other information/document required or authorized by this Agreement shall be given in writing, in English, and by:
(a) Delivering it by hand (a written acknowledgement in receipt thereof shall be sufficient evidence that the notice or other information has been duly given); or
(b) Sending it by nationally recognized courier;
to the relevant Parties at the addresses specified in the name clause of this Agreement above.
24. SEVERABILITY
If at any time, any provision of this Agreement shall become or be held illegal, invalid, or unenforceable in any respect under any law, then the legality, validity, or enforceability of the remaining provisions shall not in any way be thereby affected or impaired.
25. WAIVER
No failure on the part of either Party to exercise, and no delay on the part of either Party in exercising any right hereunder, shall operate as a waiver thereof, nor shall any single or partial exercise of any such right preclude any other or future exercise thereof or the exercise of any other right. The remedies herein are cumulative and not exclusive of any remedies provided by law.
26. DISPUTE RESOLUTION
26.1. Except as otherwise specifically provided in this Agreement, the following provisions apply if any dispute and difference arise between the Parties, arising out of or in relation to/connection with this Agreement ("Dispute").
26.2. The dispute will be deemed to arise when one Party serves on the other Party a notice stating the nature of the Dispute ("Notice of Dispute").
26.3. The Parties hereto agree that upon serving a Notice of Dispute, they will use all reasonable efforts to resolve the Dispute between themselves through negotiations
26.4. Subject to the foregoing, the courts in ________ shall have exclusive jurisdiction over any dispute, differences or claims arising out of this Agreement.
27. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of India.
28. COUNTERPARTS
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
29. COUNTERPARTS
A signature transmitted by electronic means shall be deemed to be an original signature for all purposes and shall have the same force and effect as an original signature.
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement:
___________________________
________
___________________________
________
Annexure - A - Storage Layout Plan.
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